Finance Minister Mike de Jong says B.C. may be the only province in Canada to balance its budget for the year ahead.

B.C. BUDGET: Surplus funds low-income assistance

B.C. government ends child support clawback for welfare recipients, puts more money into Community Living B.C.

VICTORIA – Expecting budget surpluses for the next three years, the B.C. government is ending the deduction of spousal child support from social assistance payments and providing modest benefits for other low-income earners.

A target of single parents and poverty advocacy organizations in recent years, the “clawback” of child support payments ends Sept. 1. That is expected to leave about $32 million more over the next three years in the pockets of the parents who receive child support along with income assistance and disability payments, a benefit to 3,200 families and 5,400 children.

Community Living B.C., responsible for developmentally disabled adults, gets an additional $106 million over three years, and $20 million is added to the general budget for income assistance. Caseloads for both are expected to increase and individual payment rates stay the same.

This is also the budget that ends a two-year increase of 2.1 per cent in tax on income more than $150,000 a year. The provincial income tax rate for that tax bracket returns to 14.7 per cent, which de Jong said is part of the lowest personal income tax rates in the country.

At the low end of the income scale, the exemption from paying any personal income tax goes to the first $19,000 earned, up from $18,000.

An early childhood tax benefit begins April 1, with up to $660 a year for each child up to the age of six, designed to assist with child care costs.

This is also the year the province’s training and education savings grant begins to be paid out for children who reach six years old. It is a one-time payment of $1,200 born since Jan. 1, 2007, to be placed in a registered education savings plan.

Finance Minister Mike de Jong said the current fiscal year is expected to finish with a surplus of almost $900 million, due mainly to better than expected personal and corporate income tax revenues, strong retail sales and a one-time adjustment of federal tax payments.

After an additional $3 billion to the ever-growing health care budget and $576 million more for education over the next three years, the surplus for 2015-16 is projected to be $284 million.

VIDEO: Education funding increased for 2015-2018 budgets

Just Posted

Kingfisher Oceanside Resort & Spa wins prestigious award

The annual Tourism Vancouver Island Gala Dinner and Awards Ceremony was held… Continue reading

Workplace weed: what is allowed with cannabis legalization

Can you smoke a joint and then go to work starting Wednesday?… Continue reading

Mount Washington maintains smoke-free policy in light of marijuana legalization

The policy bans all smoking, including cigarettes, vaporizers and marijuana

Printmakers association and fair in Cumberland

The Comox Valley Printmakers Association is holding a members’ exhibition and print… Continue reading

Cumberland mayoral debate announced prematurely; Leslie Baird declines invitation

Eduardo Uranga hoped to hold the debate Wednesday evening

Legal pot price must be ‘competitive’ with black market: Blair

Bill Blair shared final words on journey to legalization ahead of official day Wednesday

Mayor of Kamloops says ‘history has been made’ with vote on B.C.’s lone pot shop

The store to be run by the province in B.C.’s Interior is opening Wednesday as pot sales become legal across Canada

New bus route to ‘replace’ Greyhound along Trans-Canada Highway

Rider Express Transportation says they will soon begin a bus service from Winnipeg to Vancouver

U.S. pot firm urges Trump to deny Canadian producers ‘competitive advantage’

The challenge for U.S. firms lies in the fact that while recreational cannabis is legal in nine states and medicinal pot in 22 others, it remains illegal under federal law

Government says imprisoned Canadian terror suspects must face consequences

Public Safety Minister Ralph Goodale showed little sympathy Tuesday for such individuals who now want to return to Canada

How rules for inmate segregation in Canada will change under Bill C-83

Federal government proposing changes to rules around inmates in federal correctional institutions

Comox Valley RCMP briefs and warrants

Drug Trafficking On Oct. 3, 2018, at approximately 2:40 p.m., the Comox… Continue reading

Visit the living library at the Cumberland museum

Herstory features Leslie Baird, Oct. 25

Courtenay’s Dingwall Road to be temporarily closed for construction

Next week, the intersection of Dingwall Road and McQuillan Road will be… Continue reading

Most Read